| Number borrowers | 29,000 |
| Loan Amount (range) | ETB 2,000 - 5,000 |
| Loan Term (range) | 4 - 12 |
| Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training |
| Annual Interest & Method | 10.0%-15.0% annual, Flat |
| Fees | 2.00% upfront |
| Insurance | 1.00%-1.50% upfront |
| Tax | None |
| Comp Dep | 10.0% upfront |
| Range of pricing | |
| Interest Price Component | N/A |
| Fee Component | 23.8% - 31.2% (Int+Fee) |
| Insurance Component | 0 - 2.1% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 30.4% - 39.3% |
| Transparency Index (min/max) | 25 - 64 |
| Transparency Index (average) | 31 |
| 38,500 |
| RWF 100,000 - 5,000,000 |
| 3 - 36 |
| Credit Educ |
| 15.00% annual, Decl Bal |
| 2 fees |
| None |
| None |
| 30.00% upfront |
| N/A |
| 14.2% - 39.9% (Int+Fee) |
| 0 |
| 0 |
| 24.7% - 57.5% |
| 26 - 83 |
| 41 |
| Outstanding portfolio (ETB) | ETB 169,260,000 |
| Portfolio (USD) | USD 9,198,913.04 |
| Active Clients with Loans | 29,000 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 80% - 100% |
| Individual | |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | x |
| Business training | x |
| Other training | x |
| Other | |
| Other (2) | |
| No other services |
| Men | x |
| Women | x |
| Must run a business | |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Outstanding portfolio (RWF) | RWF 28,000,000,000 |
| Portfolio (USD) | USD 43,750,000 |
| Active Clients with Loans | 38,500 |
| Approximate % Female Clients | 0% - 20% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | x |
| Agriculture | |
| Education | x |
| Other household finance | x |
| Other | Medicals bills, Insurance |
| Other (2) | Marriage |
| Credit education | x |
| Group meetings | |
| Credit insurance | |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services |
| Men | x |
| Women | x |
| Must run a business | |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | Only members - soldiers, police officers, veterans |
| Other (2) | Spouses and widows of these groups |
| # Regions for this institution | 11 |
| # Regions for this product | 13 |
| Regions Active | Bugesera, Gasabo, Gicumbi, Huye, Karongi, Kicukiro, Muhanga, Musanze, Ngoma, Nyagatare, Nyarugenge, Rubavu, Rwamagana |
| Currency | ETB |
| Minimum loan size | ETB 2,000 |
| Maximum loan size | 5,000 |
| Shortest loan term | 4.0 months |
| Longest loan term | 12.0 months |
| Approx average | 8.0 months |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | x |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Currency | RWF |
| Minimum loan size | RWF 100,000 |
| Maximum loan size | 5,000,000 |
| Loans less than RWF 500,000 | 20% |
| RWF 500,000-1,500,000 | 20% |
| RWF 1,500,000-2,500,000 | 20% |
| RWF 2,500,000-3,500,000 | 20% |
| RWF 3,500,000-4,500,000 | 10% |
| Greater than RWF 4,500,000 | 10% |
| Shortest loan term | 3.0 months |
| Longest loan term | 36.0 months |
| Approx average | 24.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 15% |
| Between 7 and 9 months | 15% |
| Between 10 and 12 months | 15% |
| Between 13 and 18 months | 15% |
| Longer than 18 months | 40% |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Lowest quoted nominal interest | 10.00% |
| Highest quoted nominal interest | 15.00% |
| Reason(s) why interest rate varies | Not stated |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Service Charge |
| % of loan amount - min | 2.00% |
| % of loan amount - max | 2.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/a |
| Appears on Repayment Sched? | Yes |
| Ins 1 | |
|---|---|
| Description | Credit Insurance |
| % of loan amount - min | 1.00% |
| % of loan amount - max | 1.50% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | 1% scheme cancels repayments if death. 1.5% scheme cancels repayments & pays the family money. |
| Appears on Repayment Sched? | Yes |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | |
| Do borrowers control deposit in their group? |
| % loan amount deposited | 10.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | End Term |
| Minimum interest rate paid | 5.00% |
| Maximum interest rate paid | 5.00% |
| Interest payment frequency | Annually |
| Are taxes charged on this product? | No |
| Lowest quoted nominal interest | 15.00% |
| Highest quoted nominal interest | 15.00% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | Fee 2 | ||
|---|---|---|---|
| Description | Commission | Loan Analysis | |
| % of loan amount - min | 1.00% | 0 | |
| % of loan amount - max | 1.00% | 0 | |
| OR, Fixed amount - min | 0 | 2,000 | |
| Fixed amount - max | 0 | 2,000 | |
| Reason for variation | N/A | N/A | |
| Appears on Repayment Sched? | No | No |
| Required for | Some |
| Criteria | Security deposit required is a factor of other collateral available & earning capacity over time. At least 30% of loan amount required as savings if no other collateral. |
| Is deposit indicated on the repayment schedule? | No |
| Do borrowers control deposit in their group? | No |
| % loan amount deposited | 30.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | When Leaving |
| Minimum interest rate paid | 6.00% |
| Maximum interest rate paid | 6.00% |
| Interest payment frequency | Annually |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | ETB 2,000 | ETB 3,500 | ETB 4,000 | ETB 4,200 | |||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
| Disbursement Date | 2011-08-10 | 2011-08-10 | 2011-08-10 | 2011-05-31 | |||
| Loan Term (Months) | 12.0 months | 12.0 months | 12.0 months | 12.0 months | |||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||
| Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | |||
| True Price by Comp | |||||||
| Interest and Fee Component | 23.8% | 23.8% | 23.8% | 31.2% | |||
| Insurance Component | 2.0% | 2.0% | 2.0% | 2.1% | |||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Deposit Component | 4.6% | 4.6% | 4.6% | 6.1% | |||
| Full APR (int fee ins tax dep) | 30.4% | 30.4% | 30.4% | 39.3% | |||
| Transparency Index | 33 | 33 | 33 | 25 | |||
| Original Repayment Schedule | |||||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | RWF 100,000 | RWF 300,000 | RWF 600,000 | RWF 1,200,000 | RWF 2,000,000 | RWF 3,065,549 | |||||
| Loan Cycle (1, 2, 3, etc) | 0 | 0 | 0 | 0 | 0 | 0 | |||||
| Disbursement Date | 2011-03-22 | 2011-03-22 | 2011-03-22 | 2011-03-22 | 2011-03-22 | 2011-03-02 | |||||
| Loan Term (Months) | 25.0 months | 2.0 months | 31.0 months | 61.0 months | 25.0 months | 85.0 months | |||||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||||
| Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
| True Price by Comp | |||||||||||
| Interest and Fee Component | 19.0% | 39.9% | 16.9% | 15.9% | 17.0% | 14.2% | |||||
| Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
| Deposit Component | 19.2% | 17.6% | 16.3% | 12.8% | 17.0% | 10.5% | |||||
| Full APR (int fee ins tax dep) | 38.1% | 57.5% | 33.2% | 28.8% | 34.0% | 24.7% | |||||
| Transparency Index | 39 | 26 | 45 | 52 | 44 | 61 | |||||
| Original Repayment Schedule | |||||||||||
| MFT Pricing Calculation |
| Key Statistics | |
|---|---|
| # Samples: | |
| # Products | |
| # Institutions | |
| # Countries | |
| # Borrowers | |
| Loan Portfolio (USD) | |
| % Products using declining balance | |
| % Products with one or more fee | |
| % Products with one or more insurances | |
| % Products with compulsory deposits |
| Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
|---|---|---|---|---|---|---|---|
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